Good news for bank employees! The 12th Bipartite Settlement (12th BPS) has been signed on 8th March, resulting in an increase in the salary of bank employees. According to the information available, the settlement will be in effect for the next five years, starting from November 1, 2022.
As per the officially signed Memorandum of Understanding (MOU), bank employees will receive a 17% increase in salary. The salary increment is scale-wise, meaning it varies based on the employee’s position within the bank.
The salary structure for bank employees includes various components such as Basic Pay, Dearness Allowance (DA), Special Allowance, and Load Factor. The load factor is calculated at 3% and is included in the new salary for bank employees.
The revised salary structure for bank employees as per the 12th BPS settlement varies based on the position and scale. The exact details of the new salary structure can be found in the official circular or through salary calculators provided by reliable sources.
Bank Employees New Revised Pay Scale
